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Nonprofit Organization
(redirected from Nonprofits)

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Nonprofit Organization
An organization that operates as if it were a business but does not seek a profit. Common examples of nonprofits include charities, private schools, and think tanks. Nonprofits do not pay taxes; donations to many are tax-deductible, at least up to certain limits. In order to qualify for this status, however, a nonprofit must register with the IRS, under section 501(c) of the tax code. See also: 403(b).


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2, 2011 /PRNewswire/ -- Connecticut Association of Nonprofits (CT Nonprofits) supports the memorandum sent earlier today by Office of Policy & Management Secretary Benjamin Barnes to the state's health and human services agency Commissioners.
[ILLUSTRATION OMITTED] Wealthy donors are deeply committed to nonprofits even during tough economic times, but they expect nonprofits to pay close attention to issues that matter to them if they want to retain that support.
TWENTY-THREE OF THE 30 organizations on Arkansas Business' list of largest nonprofits saw an overall decline in total assets as the shock of the recession set in during the 2008 tax year.
 
 
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